“I want to be sensitive to how the data comes in, but I would say that most of the conditions that were laid out in the minutes, as of right now, seem to be . . . on the verge of broadly being met,” said Rosengren.
The idea that the Fed would never raise interest rates again after the December Fed rate hike and, indeed, that the Fed would reverse the December rate hike and possibly introduce negative rates, was an absurd perspective, held by many, including Austrian-lites, who really don't understand Austrian school business cycle theory, how markets work or what the Fed is really up to.
I think the Fed is boxed in. China wants a weak dollar, Japan wants a strong dollar, and the US is sliding into recession. I won't predict what the Fed will or will not actually do, but I will predict with great certainty that the consequences will be negative no matter what. The Fed faces the Kobayashi Maru test.
ReplyDeleteThe US is not "sliding into recession." https://research.stlouisfed.org/fred2/graph/?g=4kA4
Delete"The idea that the Fed would never raise interest rates again after the December Fed rate hike and, indeed, that the Fed would reverse the December rate hike and possibly introduce negative rates, was an absurd perspective, held by many, including Austrian-lites, who really don't understand Austrian school business cycle theory"
ReplyDelete1) What the FED does whether raising interest rates or lowering them is completely normative. It has nothing to do with ABCT. Just as you try to perverse ABCT and try to link it to the M2. That is more absurd than anything, I've heard of.
2) If the FED is planing on raising interest rates, like you said they will. I should hope you in your ridiculous newsletter you are urging people to sell their gold or gold stock mining securities.
3) I have time and time again offered to buy you out of your gold. I am willing to give you spot price. I will buy up to $50,000 of spot price today if you are willing to make the trade. I'm willing to allow you to make money here, since raising interest rates will be bullish for the dollar and not so good for gold.
If you are willing to make the trade, and make me look foolish as you say please contact me at my email address and we can make arrangements.